May 06, 2025 / 01:00PM GMT
William Lundin - International Petroleum Corp - Director
Okay. So welcome, everybody, to IPC's 2025 first quarter results update presentation. I'm William Lundin, the CEO; and joined today by Christophe Nerguararian, our CFO; as well as Rebecca Gordon, our SVP of Corporate Planning and Investor Relations.
I'll start with the highlights and provide an operational update across our assets, then Christophe will expand on the financial detail. Following the presentation, we'll take questions, which can be sent online or through conference call. So getting right into the highlights for the quarter. It was a strong quarter for the company. The portfolio delivered 44,000 barrels of oil equivalent per day through Q1, which was in line with guidance.
We are maintaining our full year 2025 production guidance of 43,000 to 45,000 barrels of oil equivalent per day. The operating costs for Q1 were $17.30, in line with guidance or marginally below. However, no structural changes observed to our overall operating cost base, and we maintain our full year OpEx guidance per unit production of $18 to $19.
Q1 2025 International Petroleum Corp Earnings Call Transcript
May 06, 2025
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